Online Access Free 1Z0-1024 Practice Test

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

• A.Create Data Access on the Accounts Payable role for the correct cost organization.
• B.Create Data Access on the Cost Accountant role for the correct inventory organization.
• C.Create Data Access on the Accounts Payable role for the correct inventory organization.
• D.Create Data Access on the Cost Accountant role for the correct cost organization.

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

• A.It will use the work definition with the January 2, 2016 effective date.
• B.Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
• C.You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
• D.It must always use the work definition with the October 1, 2015 effective date.

You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

• A.The application will generate an error because there are two work definitions for the same item.
• B.While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
• C.The application will use the work definition that is named Plan B.
• D.The cost planning scenario will use both work definitions for the item.
• E.The scenario will choose the work definition that is production priority 1.

Which three tasks can be completed in the Receipt Accounting work area?

• A.Create Receipt Accounting Distributions
• B.Create Accounting
• C.Review Item Costs
• D.Manage Accrual Clearing Rules
• E.Review and Approve Item Cost Profiles
• F.Review Cost Accounting Distributions

You can track costs at what granularity level in Cost Accounting for the actual costing method?

• A.Grade, Subinventory, Locator, Serial
• B.Grade, Serial, Group, Lot
• C.Subinventory. Lot, Serial, Grade
• D.Subinventory, Lot, Serial, Locator
• E.Subinventory, Make, Lot, Serial